VantageScore announced Monday that the "top 30 mortgage lenders" in the U.S. are using its latest credit scoring model, VantageScore 4.0, to qualify mortgage borrowers, raising questions about the speed with which Fannie Mae and Freddie Mac may be scaling a pilot program for purchasing VantageScore loans.
The announcement comes roughly six weeks after the Federal Housing Finance Agency (FHFA) formally launched what agency leadership and the government-sponsored enterprises (GSEs) described as a “limited rollout with approved lenders” for underwriting loans with VantageScore 4.0.
The three national credit bureaus — Experian, Equifax and TransUnion — launched VantageScore in 2006 to compete with the dominant Classic FICO model in consumer cre...